Sturm, Ruger (RGR) Q1 Earnings Down Y/Y, Sales Top Estimates

 | May 08, 2018 10:24PM ET

Sturm, Ruger & Company, Inc.’s (NYSE:RGR) first-quarter 2018 earnings of 81 cents per share reflected an annual decline of 33.1% from the year-ago quarter’s figure of $1.21. The downside can be attributed to year-over-year decline in sales and operating income.

Sales

In the quarter under review, the company’s net sales came in at $131.2 million, down 21.6% from the prior-year figure of $167.4 million. However, the top line comfortably surpassed the Zacks Consensus Estimate of $117 million by 12.1%. Lower production volumes led to the year-over-year decline in sales.

Firearm sales (comprising 99% of total sales) decreased 21.9% on a year-over-year basis, while castings sales improved 28.9%. New product sales accounted for 29% of total firearm sales in the first quarter compared with 25% in the year-ago quarter.

Sturm, Ruger & Company, Inc. Price, Consensus and EPS Surprise

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